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Insteel (NASDAQ: IIIN) cutting 65 jobs as Ohio plant shuts

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Insteel Industries Inc. (IIIN) announced that it will close its welded wire reinforcement facility in Upper Sandusky, Ohio and consolidate production into its other welded wire reinforcement plants, which management states have ample capacity. Operations at the Upper Sandusky facility are expected to cease by the end of October 2026, eliminating up to 65 positions.

In connection with the closure, Insteel expects to record a restructuring charge of approximately $4.6 million, including $2.5 million for equipment relocation, $0.4 million for employee separation, $1.0 million for asset impairment and $0.7 million for other closure-related costs. The company expects charges other than asset impairment to be cash expenditures beginning in the first quarter of fiscal 2027 and continuing through the remainder of that fiscal year. Insteel’s President and CEO, H.O. Woltz III, stated that consolidating welded wire facilities is intended to align the manufacturing footprint with customer demand, improve operational efficiency, and strengthen cost competitiveness, and that the company does not expect this action to affect revenue.

Positive

  • Strategic consolidation aimed at efficiency: Management states that closing the Upper Sandusky facility and consolidating welded wire operations is intended to align capacity with customer demand, improve operational efficiency, and strengthen cost competitiveness while not expecting an adverse impact on revenue.

Negative

  • Restructuring charge and job losses: The facility closure will eliminate up to 65 positions and result in an estimated $4.6 million restructuring charge, including $1.0 million in asset impairment and several million of cash costs over fiscal 2027.
Item 2.05 Costs Associated with Exit or Disposal Activities Financial
The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Total restructuring charge $4.6 million Estimated charge related to closure of Upper Sandusky, Ohio facility
Equipment relocation costs $2.5 million Component of restructuring charge for moving equipment
Employee separation costs $0.4 million Component of restructuring charge for affected employees
Asset impairment $1.0 million Non-cash component of restructuring charge
Other closure-related costs $0.7 million Remaining component of restructuring charge
Positions eliminated Up to 65 positions Jobs impacted by closure of Upper Sandusky facility
Manufacturing facilities 11 facilities Number of U.S. manufacturing facilities operated by Insteel
Closure timeline End of October 2026 Anticipated cessation of operations at Upper Sandusky facility
restructuring charge financial
"Insteel expects to incur a restructuring charge of approximately $4.6 million"
A restructuring charge is a one-time accounting expense a company records when it reorganizes operations—like closing facilities, laying off staff, or writing down assets—to make the business leaner or change strategy. Think of it as the short-term cost of renovating a house to lower future bills: it reduces reported profit and may use cash now, but investors watch it to judge whether the cleanup will improve future profitability or hide ongoing problems.
asset impairment financial
"$1.0 million for asset impairment and $0.7 million for other closure-related costs"
Asset impairment occurs when the value of a company’s asset drops below its recorded value on the books, indicating the asset is worth less than previously thought. This often happens due to changes in the market or the asset’s usefulness, similar to realizing a stored item is damaged or less valuable than expected. It matters to investors because it can signal potential losses and affect the company's overall financial health.
welded wire reinforcement technical
"remaining welded wire reinforcement production facilities, which have ample open capacity"
Welded wire reinforcement is a grid of steel wires welded together at intersections to form sheets or rolls that are embedded in concrete to add strength and control cracking. Think of it as a metal mesh that holds concrete together the way a wire cage supports a beehive: it distributes loads and limits fractures. Investors care because its supply, cost, and demand influence construction project budgets and margins for builders, suppliers, and infrastructure developers.
manufacturing footprint financial
"aligning our manufacturing footprint to customer demand, improving operational efficiency"
forward-looking statements regulatory
"This news release may contain forward-looking statements within the meaning"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

FAQ

What did Insteel Industries (IIIN) announce regarding its Upper Sandusky, Ohio facility?
Insteel announced it will close its Upper Sandusky, Ohio facility and move welded wire reinforcement manufacturing to its remaining production facilities, which it states have ample open capacity. Operations at Upper Sandusky are anticipated to cease by the end of October 2026.

How many jobs will be affected by Insteel Industries (IIIN) facility closure?
The consolidation of welded wire manufacturing operations is expected to result in the elimination of up to 65 positions at Insteel’s Upper Sandusky, Ohio facility, according to the company’s announcement.

What restructuring costs will Insteel Industries (IIIN) incur from the closure?
Insteel expects a $4.6 million restructuring charge, including $2.5 million for equipment relocation, $0.4 million for employee separation, $1.0 million for asset impairment, and $0.7 million for other closure-related costs.

Over what period will Insteel Industries (IIIN) cash expenditures for the restructuring occur?
Insteel expects restructuring charges other than asset impairment to consist of cash expenditures, anticipated to begin in the first quarter of fiscal 2027 and continue through the remainder of that fiscal year.

Does Insteel Industries (IIIN) expect the facility closure to impact revenue?
President and CEO H.O. Woltz III stated that the company does not expect this action to affect revenue, while indicating the consolidation is intended to improve operational efficiency and cost competitiveness.

What business does Insteel Industries (IIIN) operate after this consolidation?
Insteel describes itself as the nation’s largest manufacturer of steel wire reinforcing products for concrete construction, producing prestressed concrete strand and welded wire reinforcement at 11 manufacturing facilities in the United States.

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Understanding 8-K Material Events →
false 0000764401 0000764401 2026-08-21 2026-08-21
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549 
 
 
FORM 8-K 
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of report (Date of earliest event reported): August 21, 2026
 
 
Insteel Industries Inc.
(Exact Name of Registrant as Specified in Charter) 
 
 
North Carolina
 
1-9929
 
56-0674867
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(I.R.S. Employer
Identification No.)
 
1373 Boggs Drive
Mount Airy, North Carolina27030
(Address of Principal Executive Offices, and Zip Code)
 
(336) 786-2141
Registrant’s Telephone Number, Including Area Code
 
(Former Name or Former Address, if Changed Since Last Report) 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
☐
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act: 
 
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock (No Par Value)
IIIN
The New York Stock Exchange
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter). 
 
Emerging growth company  ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
Item 2.05. Costs Associated with Exit or Disposal Activities
 
The information set forth under Item 8.01 below is hereby incorporated into this Item 2.05 by reference.
 
Item 8.01. Other Events
 
On August 21, 2026, Insteel Industries Inc. issued a Press Release announcing that its wholly-owned subsidiary, Insteel Wire Products Company (together referred to as “Insteel” or the “Company”), will be closing its facility in Upper Sandusky, Ohio, and moving the manufacturing to the Company’s remaining welded wire reinforcement production facilities.
 
The consolidation of the Company’s welded wire manufacturing operations is expected to result in the elimination of up to 65 positions at the Upper Sandusky facility. It is anticipated that operations at the facility will cease by the end of October 2026. Insteel expects to incur a restructuring charge of approximately $4.6 million related to the facility’s closure, which includes $2.5 million for equipment relocation costs, $0.4 million for employee separation costs, $1.0 million for asset impairment and $0.7 million for other closure-related costs. Insteel expects that the restructuring charges, other than asset impairment, will consist of cash expenditures, which are anticipated to begin in the first quarter of fiscal 2027 and continue through the remainder of the fiscal year.
 
Cautionary Note Regarding Forward-Looking Statements
 
This Current Report on Form 8-K contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. When used in this Current Report, the words “believes,” “anticipates,” “expects,” “estimates,” “appears,” “plans,” “intends,” “may,” “should,” “could” and similar expressions are intended to identify forward-looking statements. Although we believe that our plans, intentions and expectations reflected in or suggested by such forward-looking statements are reasonable, they are subject to a number of risks and uncertainties, and we can provide no assurances that such plans, intentions or expectations will be implemented or achieved. Many of these risks and uncertainties are discussed in detail and are updated from time to time in our filings with the U.S. Securities and Exchange Commission (the “SEC”), in particular in our Annual Report on Form 10-K for the fiscal year ended September 27, 2025.
 
All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. All forward-looking statements speak only to the respective dates on which such statements are made and we do not undertake any obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as may be required by law.
 
 
Item 9.01. Financial Statements and Exhibits
 
Exhibit 99.1
Press Release dated August 21, 2026 announcing the closure of the Upper Sandusky, Ohio Facility.
 
Exhibit 104
Cover Page Interactive Data File (embedded within Inline XBRL document).
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
 
INSTEEL INDUSTRIES INC.
 
By:         /s/ Elizabeth C. Southern
Name:    Elizabeth C. Southern
Title:      Vice President Administration, Secretary and Chief Legal Officer
Date:      August 21, 2026

Exhibit 99.1

 

iiin01a.jpg

 

 

NEWS RELEASE

 

FOR IMMEDIATE RELEASE

Contact:

Scot Jafroodi

 

 

Vice President,

Chief Financial Officer and Treasurer

Insteel Industries Inc.

(336) 786-2141

 

INSTEEL INDUSTRIES ANNOUNCES CLOSURE OF UPPER SANDUSKY, OHIO FACILITY

 

MOUNT AIRY, N.C., August 21, 2026 – Insteel Industries Inc. (NYSE: IIIN) (“Insteel” or the “Company”) announced today that it will close its facility in Upper Sandusky, Ohio, and move manufacturing requirements to the Company’s remaining welded wire reinforcement production facilities, which have ample open capacity to accommodate additional volumes.

 

The consolidation of the Company’s welded wire manufacturing operations is expected to result in the elimination of up to 65 positions at the Upper Sandusky facility. It is anticipated that operations at the Upper Sandusky facility will cease by the end of October 2026. Insteel expects to incur restructuring charges of approximately $4.6 million related to the closure.

 

“The consolidation of our welded wire facilities is an important step in positioning Insteel for long-term success by aligning our manufacturing footprint to customer demand, improving operational efficiency, and strengthening our cost competitiveness. We do not expect this action to affect the Company’s revenue,” said H.O. Woltz III, Insteel’s President and CEO. “We understand the impact this decision has on our employees, and we are committed to providing support and assistance throughout the transition.”

 

About Insteel

 

Insteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel’s products are sold to manufacturers of concrete products that are used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates 11 manufacturing facilities located in the United States.

 

Forward-Looking Statements and Risk Factors

 

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not descriptions of historical facts are forward-looking statements that are based on our current expectations and may include commentary on our plans, financial position, liquidity, and other business developments. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future results could differ materially from those described, and we do not undertake and specifically decline any obligation to correct or update any forward-looking statements. For further information regarding risk factors that could affect our operations and future results, refer to our reports filed with the U.S. Securities and Exchange Commission, including our annual report on Form 10-K for the year ended September 27, 2025.

 

 

1373 Boggs Drive, Mount Airy, NC 27030/PHONE: (336) 786-2141/FAX: (336) 786-2144

WWW.INSTEEL.COM

Source: View Original Filing on SEC EDGAR

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